Do Not Give Conservatives Control of Our Economy

Australia has a real tendency of not looking outwardly regarding the state of our economy, which is quite dangerous in terms of inadvertently placing our economy into the wrong hands. I have already posted this information on another thread but strongly feel compelled to give this issue its own light. The left of politics does not seem to gain traction in the media on issues that expose the real circumstances of Australia's economic and social issues and the harsh realities of the opposing right. This has never been more clearer than the years of Howards reign, or maybe when I decided to pay more attention to politics in this country. The following graphs can be analysed in many ways, but still does not detract from the fact that there are some stark disparities between the parties and quite obviously their policies. Mind you, you don’t have to be an economist to analyse these statistics, unless of course you are looking for more in-depth tedious information. The statistics seem to speak for themselves.

Figure 1: Economic growth
Average per capita growth rates (percentage per annum) during period of each government

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McMahon led (conservative government): As can be seen, economic growth in Australia was trailing the rest of the world substantially.

Whitlam led (Labor government): Slightly increased our growth rate and more importantly stabilised the economy, while the rest of the world were going through a notable regression in economic growth.

Fraser led (Liberal government): While the rest of the world plateaued from the time of the Whitlam government, the economy regressed during this governments reign quite substantially.

Hawke led (Labor government): This period saw a notable increase in growth rate from the previous liberal led government, almost on parity with the rest of the developed world.

Keating led (Labor government): Wage explosions were occurring, therefore to control this inflation driving dilemma, Keating called on the reserve bank to lift its official interest rates despite the reserve bank being an independent decision maker as a consequence of deregulation of the financial system. It is now recognised as one of the most prudent decisions in Australia’s economic history by economists. Yes it caused pain, but was necessary to ensure we were not overinflated, therefore competitive in the world market for generations to come. As can be noted Australia increased it’s economic growth while the rest of the developed world regressed substantially.

Howard led (Coalition government): Despite hitting the jackpot with the mining boom and riding on the back of the keating governments already rising economy and good work, this government through the means of the first home buyers grant and rejigging of negative gearing, oversaw an explosion of personal debt. This government did nothing for nation building but sat on big surpluses through being the highest taxing government in Australian history. (Don’t listen to the coalition on this, find out the facts yourself) The Labor governments mining tax and carbon price additions still do not come close to the revenue raised through the Howard government taxes. You must note also that the Howard government sold Australian assets to the tune of $70billion and placed it in a future fund for none other than public servant superannuation’s. This smells a little bit fishy, especially when Australia was led to believe it was our safety net…hmmm!

Rudd/Gillard led (Labor government): This government had the misfortune of presiding over our economy at the worst possible time in recent history and yet received a triple A rating from the world’s leading credit rating agencies. Australia’s debt per GDP sits currently at 21% while the US sits at 95% and Japan a massive 175%. GB, Germany, France, Italy and Greece are upwards of 70%. Yes, in light of the global economy to which we are connected, we are in a pretty decent position. Yes, businesses are suffering still, but things could have been worse. No, we are not separate from the global economy and will feel some impacts, this is obviously not an Australian initiated problem.

This leads me straight down the road to Tony Abbott (Potential PM leading the coalition government): Right, now Abbott’s policies for our economy are……wait up……are…..actually I don’t know, do you? Please share! He is actually still trying to figure his $70 billion budget black hole with his bumbling buffoon of a shadow treasure. The media have not stayed on his case about this…..WHY I ASK??? Okay, yes, he is about austerity, he wants to choke our economy and look all pretty nationally without any context of our part in the global economy. This guy has flip flopped on every issue posed to him since being leader of the opposition. If this guy is voted in, I’ll only have a couple of words to say…….I _ _ _ _ you _ _.

DON’T ALLOW THIS PARTY TO RUN OUR ECONOMY, NOT AT THIS TIME. NOT UNTIL THEY CHANGE THEIR ECONOMIC IDEALS!

 

Gonna fall on deaf ears. Most people who post in here think Australia is doing as poorly as Greece because our government debt, in just raw dollars, is about equal.

Last election Abbott and co were blaming the ALP for the GFC and so many stupid people ate it up without questioning how the ALP caused a GLOBAL financial crisis.

Most people are stupid and they just listen to the politician who is throwing around the most (*)(*)(*)(*).

 

Tooo sillly.

 

Yeah, you are right, but the message has to get out there. We have been a pretty laid back country...... you know.....she'll be right mate!!!! and only take in what main stream media feeds us because we are a little too lazy to investigate. The analogy that could easily be used for Howard: The gentle old well dressed paedophile who children loved because he let them sit on his lap and gave them lollies, deceiving them all the way. That's how gullible aussies are unfortunately

 

This thread is a pisstake yeah? It HAS to be cos the ALP has the WORST track record of fiscal management this country has seen.

 

Howard and Costello were lazy economic managers. They were also very, very lucky. But frankly they pissed away golden opportunities for development of our economy for short-term political gain. But you won't read that in the right wing press (which is all of it) in Australia.

Keating was the best economic manager we had in recent times, the bloke actually knew what he was doing.

The Coalition will likely take government at the next federal election. I will be very surprised if they manage the economy at all well, but we'll see.

 

ALP ALWAYS hands over an economy on life support, The Coalition comes in makes the tough calls gets things back on track. Then the people say hey we're sick of this financial responsibility, give us the free stuff! And the cycle continues.......

 

Got to love that the alp trolls think if you aint handing money hand over fist to those that dont work for it then you are bad at managing the economy, but throwing BORROWED money away on FAILED policy and useless crap is a good thing.

 

How do you come to this conclusion? Keen to hear your explanation!

 

How true it is....

 

By looking at the FACTS not the alp propaganda, The alp ALWAYS runs up the debts and the LIBS ALWAYS get left having to foot the bill.
The alp is like that mate we all have that is keen to shout a round of drinks, as long as you lend him the money to do it.

 

But Howard and Costello gave out the free stuff and at the election Howard lost his seat as well as government. What happened there?

 

Which is funny because all the big things that the Liberals pretend were their policies which helped the economy, like deregulation of the market, were actually ALP policies implemented under Hawke and Keating. You know, the policies that the Liberals pretend that they didn't vote against during the 1980s and 1990s.

 

This post covers all the alp troll posting

 

The GST was actually ALP policy. I don't think Hawke and caucus thought it was a good idea selling it to the people at a particular time there. The Libs decided to grab a hold of it but didn't understand it initially, evident by Hewson's embarrassing moment on national TV regarding the birthday cake.

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The GST was actually ALP policy. I don't think Hawke and caucus thought it was a good idea selling it to the people at a particular time there. The Libs decided to grab a hold of it but didn't understand it initially, evident by Hewson's embarrassing moment on national TV regarding the birthday cake.

 

http://www.indexmundi.com/facts/indicators/NY.GDP.MKTP.KD.ZG/compare?country=au

Above is Australia's actual annual growth rate over the years.

Has anyone noticed how the Labor/Green brainwashed diciples never mention the fact that in the late 90's and early 00's two of our biggest trading partners, the USA and Japan where in recession and you never here them mention the Asian economic melt down during Howards government. You never here them talk about how the Labor controlled states squandered the enormous economic benefits of the mining boom. They never mention how Howard greatly reduced our wages tax, introduced 6 monthly GDP adjustments to welfare payments, froze GDP increases to fuel excise, finished the rail line to Darwin, introduced solar panel rebates, rebates for gas conversions for motor vehicles and gave us our super tax free. He also stopped the boats and virtualy single handedly gave East Timor their independence. Compare how Howard faced down Indonesia over East Timor with how Kevy didn't have the courage to evict a handful of half starved, unarmed refugees from one of our own coast guard vessels!!!
John Howard was possibly the best Prime Minister this country has yet seen. Kevin Rudd and Juliar Gillard do not even come close to the statesmanship of John Howard.

http://ministers.treasury.gov.au/Di...08.htm&pageID=005&min=phc&Year=2006&DocType=1

 

So now you are saying the GST was a good idea? Good policy?

 

You mean like how the Liberals pretend that the GFC was all the ALP's fault?

Many international economic experts think that Rudd and Gillard are economic geniuses for their handling of the GFC.

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I think it's good from the point of view that it probably eliminated 9000 pages from the tax code and simplified taxes on goods and services. I don't see how it used to make sense that strawberry quik and chocolate quik had different amounts of tax on them.

 

The only way to argue with the above, is to say something really silly.

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The only way to argue with the above, is to say something really silly.

 

You are going to have to analyse these links for us from your perspective, because it proves nothing. It provides nothing with regards to Australia's performance against the other developed nations.

The first link demonstrates very little with regard to world economic circumstances. During Howard's reign the world was doing very well, so can't score any points for a world wide upwards trend in the economy.

The 2nd link suggests that the labor government brought us out of the world economic recession of the nineties (Yes, it was a world wide recession, not specific to one area). Keating deserves top marks for improving our economy against world wide trends. The economy was well and truly on the up when howard took over. All you need to do malena, is look at how australia performed against the rest of the world. These stats were provided for your perusal, but if you are unable to read that information appropriately then you'll just have to simply float along accepting deceptive propaganda from the right and their pals in the media. You could always stand up against these guys for pulling the wool over your eyes. Howard should have had us miles ahead of the rest of the world once he took over from Keating but nothing. The housing market was a short term plan and made us feel good, due to stupidly not regulating negative gearing and first home buyers loan. Economist for years warned about the consequences of creating a bubble. We are not completely out of the woods with this issue, depending on "World" markets. Many economists are still saying it is going to hit us.....I hope not. But this is what you get with short term goals.

Are you kidding, our wages tax reduction was a part of the GST system, as it is with all GST system around the world. You'll have to try better buddy.

John Howard was a wasteful prime minister who did nothing for nation building. He lived for the here and now and his own ego-centric means.

You've been hoodwinked by this government and their friends in the media who have painted a dishonest picture of australia's economic history and current status.

Lastly Malena, stop looking at stats and data from one dimension buddy, it makes you look worse than shallow.

 

If you want to be taken seriously Tank, you need to stop blindly repeating the Labor/Green propaganda.

AHHAAA AHAHAAAA!!!! You just made that up didn't you! Go on, admit it.

Yep, made for the 9000 pages Labor added to the tax code with their introduction of fringe benefits tax, capital gains tax, and petroleum tax. First I heard strawberry and chocolate quik had different amounts of tax on them, sounds like more lieing Labor propoganda.

 

Things which were chocolate flavoured had a different tax to things which were strawberry flavoured.

And you need to actually pay attention to what the Liberals,such as Abbott, actually say. Abbott still thinks the economy is going down the toilet even though there hasn't been a recession since the early 1990s.

 

I have never said the GST was bad. In the early ninties Hewson and his response on national televion actually made people very wary.

In retrospect his response is legitimate, but back then it was extremely confusing and complex. He could have easily given a simple response but babbled on. Anyway, this is not part of the debate but an interesting point in political history.

[video=youtube;WndWM71-jSQ]http://www.youtube.com/watch?v=WndWM71-jSQ[/video]

 

Hewson`s response was clear, and easy to understand for anyone with an ounce of sense. He was beaten by the stupidity of union hysteria. Even now, big Jules is calling on the unions to run another lie campaign to save her far arse.

 

How was he repeating the labor propoganda? Do you sincerely think that the GFC was the Australian Labor governments fault? You are a waste of peoples time on this forum if that is the case. I think you are a little shocked with what is confronting you about the party you put all your faith in.

He is shocked to hear that economists the world over have praised the government for there work. Again, it didn't get much media attention, because they fed people all the negatives coming from fony abbott and his bumbling baffoon of a shadow treasurer.

You've still got a lot to learn lad.